Why Bharti Airtel is rallying hard

Bharti Airtel is backed by a good set of numbers, particularly an increase in ARPU despite no tariff hike but on execution on the 4G side, says Rajiv Sharma, Head of Institutional Equity Research, SBICAP Securities.

Airtel has got the nod for increasing foreign investment upto 100%. What does this mean for Bharti Airtel since the stock price is rallying hard on the back of the news?
Earlier in the NACL website they had highlighted that the foreign holding in Bharti could be only 49% instead of 74% and that had resulted in a decrease in weight in the MSCI India for Bharti from 3.5% to 1.8% and similarly the weight got halved in MSCI EM also. Now with NACL showing it at 100%, the next time when MSCI